Reasons behind oil price stability despite turmoil

These are really changing times. It is no longer enough to have a coup a plane hijack or violence erupting in one oil producing country to have prices skyrocketing.
The hotspots are all over the map of the Middle East from key producers such as Iraq and Libya to marginal ones like Yemen and the two Sudans to ongoing tightened sanctions against Iran. Brent crude prices that briefly rose in midJune above 115 following the take-over of Iraq’s city of Mosul by IS radicals dropped to 14-month low a few days ago………………………………………..Full Article: Source